Capital One Financial (NYSE:COF) Hits New 1-Year High at $153.36

Capital One Financial Co. (NYSE:COF)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $153.36 and last traded at $152.94, with a volume of 479350 shares trading hands. The stock had previously closed at $153.05.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Bank of America upped their price objective on shares of Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Evercore ISI dropped their price objective on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a research note on Tuesday, June 25th. BTIG Research began coverage on shares of Capital One Financial in a research note on Friday, June 7th. They issued a “neutral” rating for the company. Jefferies Financial Group raised Capital One Financial from a “hold” rating to a “buy” rating and increased their target price for the company from $145.00 to $165.00 in a research report on Thursday, June 6th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $150.00 price target on shares of Capital One Financial in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $145.89.

Capital One Financial Trading Down 1.3 %

The stock has a 50-day simple moving average of $142.28 and a 200 day simple moving average of $140.76. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.81. The company has a market cap of $57.41 billion, a price-to-earnings ratio of 11.98, a PEG ratio of 1.08 and a beta of 1.44.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 EPS for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The firm had revenue of $9.51 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same period in the prior year, the firm posted $3.52 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts predict that Capital One Financial Co. will post 13.1 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.59%. Capital One Financial’s payout ratio is currently 18.79%.

Insider Activity at Capital One Financial

In related news, insider Robert M. Alexander sold 30,742 shares of the stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total value of $4,611,300.00. Following the completion of the sale, the insider now owns 73,734 shares of the company’s stock, valued at $11,060,100. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the completion of the sale, the chief executive officer now owns 40,934 shares of the company’s stock, valued at $5,438,491.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Robert M. Alexander sold 30,742 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total value of $4,611,300.00. Following the sale, the insider now directly owns 73,734 shares of the company’s stock, valued at approximately $11,060,100. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Capital One Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LRI Investments LLC purchased a new position in shares of Capital One Financial during the first quarter worth $25,000. Silicon Valley Capital Partners purchased a new position in shares of Capital One Financial during the first quarter worth $25,000. Y.D. More Investments Ltd purchased a new position in shares of Capital One Financial during the second quarter worth $28,000. Hobbs Group Advisors LLC purchased a new position in shares of Capital One Financial during the second quarter worth $29,000. Finally, Rise Advisors LLC purchased a new position in shares of Capital One Financial during the first quarter worth $33,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

About Capital One Financial

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.